Hedge fund Parataxis recorded a 341% return in 2023 and once dipped BTC and SOL when it was oversold
On January 27th, according to Bloomberg, one of the four hedge funds operated by Parataxis Capital Management achieved a return rate of 341% last year after deducting fees. CEO Edward Chin chose to increase holdings in Bitcoin during the regional banking turmoil last year, when Silicon Valley Bank, Silvergate Bank, and Signature Bank collapsed. In addition, the fund also invested heavily in Solana. These two investments allowed Parataxis to outperform the market. Parataxis usually chooses to enter the market when overselling brings high liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Classic ($ETC) Eyes a 510% Breakout Rally
Ethereum Classic could surge over 510% to $127.65 as a major breakout pattern emerges.Why the $127.65 Target MattersShould You Pay Attention?
Doginme Made Early Buyers Rich—Now Arctic Pablo Coin Is Leading the Next Meme Coin Gold Rush
While Doginme showed how fast gains can arrive in meme markets, Arctic Pablo Coin is showing how they can be structured, incentivized, and sustainable.Doginme: The Meme Token That Ran With the Big DogsArctic Pablo Coin’s 66% APY: The Meme Coin Presale With Real UtilityIceberg Isle and the Numbers That Matter: $0.000125 Entry, 6,300% ROIArctic Pablo Coin Is Built for the Long Run: Why It Belongs Among the Top New Meme Coins for Exponential Returns
Goldman Sachs Increases Bitcoin ETF Holdings, Surpasses BlackRock
Ethereum’s Rise to $2.5K Sparks Renewed Altcoin Interest
Trending news
MoreCrypto prices
More
